AI: The Biggest Gamble in the U.S. Economy Is Starting to Look Riskier

Over the past 10 years, the giants of Silicon Valley became reliable engines of the American economy and the nation’s retirement accounts.

Must-have digital products like Google and Facebook hooked people and businesses, spewing geysers of cash that made tech giants the new blue chip stocks and fattened investment portfolios as markets soared.

The finances of America's technology stalwarts now look very different. To develop and deliver what the companies say is revolutionary artificial intelligence (AI), they are feeding every available dollar into the cash-incinerating maw of AI machines. Tech superstars that once had oodles of cash left over at the end of each year are now flipping into the red, with enormous stakes for every American and the wider economy.

Please select this link to read the complete article from The Washington Post.